CTSI has seen a recent increase in back injuries and muscle strains related to lifting heavy objects, often as a result of office moves or cleanouts. According to the Bureau […]
Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), and Health Savings Accounts (HSAs) are tax-advantaged accounts used to pay for certain qualified medical expenses such as co-pays, prescriptions, dental, and vision costs. Employers can offer any or all of these accounts as a benefit to offset healthcare costs. These accounts use pre-tax dollars and must adhere to specific rules and limits set by the IRS. The table below provides a general overview of how these accounts differ:
Each type of account offers benefits depending on your health insurance needs. Understanding the differences can help you determine which account or combination of accounts is the best fit for your situation. For more information, contact CTSI at (303) 861 0507.
CTSI has seen a recent increase in back injuries and muscle strains related to lifting heavy objects, often as a result of office moves or cleanouts. According to the Bureau […]
The IRS has announced increases to the 2023 Health Savings Account (HSA) contribution limits. The rates take into account inflation and cost-of-living adjustments, as well as rounding rules under Internal […]
Distracted driving is driving a motor vehicle while engaged in another activity, typically one that involves the use of a cellular phone or another electronic device. Distractions can be categorized […]
Smoke from wildfires is a mixture of gases and fine particles from burning trees and other plant materials that can hurt your eyes, irritate your respiratory system, and worsen chronic […]